After the housing crisis, the share of renters who spent so much on housing that they couldn't afford food, medical care, clothing or other necessities soared to record levels. (Subscription may be required.)

Millennials contributed $514 billion to the housing market over the past year and became the largest group of U.S. homebuyers, real estate site Zillow reports. Still, they lag behind where previous generations were at their age.

Homes across the country became even less affordable over the summer as the housing crunch pushed "refugees" from high-priced metro areas into communities previously sheltered from the competition of coastal markets, according to data released Thursday.

The Republican tax plan is still in its formative stages with key details unknown, but many economists believe the proposal will put added pressure on the Federal Reserve to raise short-term interest rates.

The sweeping tax rewrite unveiled by President Trump and Republican lawmakers this past week leaves many of the details to Congress, but two sentences in the nine-page framework have Washington lobbyists salivating over a payday that some industry experts predict could top $1 billion.

The trade group representing U.S. homebuilders has abandoned its demand that a new version of the tax code include a mortgage interest deduction, signaling on Tuesday that it would consider alternatives to boost home ownership.

The National Association of Home Builders is backing off of long held support for the mortgage interest deduction in hopes that the Trump administration can deliver on its promise of lower taxes. (Subscription may be required.)

The House of Representatives' top tax writer pushed back Wednesday against suggestions that the GOP might not fully repeal the state and local tax deduction in its quest to lower tax rates in tax reform.

It's been a month since Hurricane Harvey devastated the of Houston and Southeast Texas. Damage estimates go up to $190 billion. The cleanup has begun, but a major shortage is looming for the rebuilding effort. It's not a lack of will, or money; it's a lack of skilled labor ... a national shortage that's reaching a crisis stage.

Federal Housing Finance Agency Director Mel Watt once again pressed Congress on the urgent need for housing finance reform due to the looming deadline of the government-sponsored enterprises' capital buffer timeline.

In addition to building homes, women are building career momentum in Atlanta's residential construction industry. While the industry has always been male-dominated, women are starting to take more leadership positions, which is good for business, according to some women in the industry. (Subscription may be required.)

Jason and Carrie Kelroy of Wauwatosa, Wis., loved their 2,200-square-foot, 1930s-era colonial, and they loved their neighborhood, where they could walk to schools, their church and a coffee shop, or drive to a Milwaukee Brewers game or to Summerfest on the lakefront in 20 minutes. But with three kids and two big dogs, the space felt tight. "So we thought, Let's make it work for the long run," says Carrie.

California will enact new fees on real-estate transactions and ask voters to approve a $4 billion bond measure on next year's ballot, among other measures aimed at creating more affordable housing. (Subscription may be required.)